Log In/Sign Up
Your email has been sent.
River Terrace Park and Campground 1335 W River St 179 Unit Mobile Home Park $8,500,000 ($47,486/Unit) 6.73% Cap Rate Monticello, MN 55362
Executive Summary
River Terrace Park and Campground is located along the beautiful west bank of the Mississippi River. The property is a quiet and secluded community in close proximity to downtown Monticello. It is comprised of 87 campground/RV sites and a 92-unit mobile home park. Please see offering memorandum for complete details.
Mobile Home Park Property Details:
- Upper mobile home park acquired in September 2024 to improve scale.
- Occupancy: 93%
- Upper Park Land Size: 4.16 AC. Lower Park Land Size: 21 AC, 92 total sites plus duplex rental home.
- Large commercial playground with 23 activities.
- Monthly rates with sewer, water, and trash.
- Large fishing pier overlooking the Mississippi River.
- 2,000 sq. ft. recently remodeled duplex rental home located on park grounds. Lower level rent: $1,350/mo. Upper level rent: $1,650.
- Roads and pads approximately 90% paved.
Campground/RV Property Details:
- 87 total sites.
- Daily, weekly, and monthly rates.
- Common restrooms with full showers.
- Coin operated laundromat.
- Self-service RV wash.
- 67 @ 20/30 amp & 20 @ 20/30/50 amp.
- Camp store + annex.
Mobile Home Park Property Details:
- Upper mobile home park acquired in September 2024 to improve scale.
- Occupancy: 93%
- Upper Park Land Size: 4.16 AC. Lower Park Land Size: 21 AC, 92 total sites plus duplex rental home.
- Large commercial playground with 23 activities.
- Monthly rates with sewer, water, and trash.
- Large fishing pier overlooking the Mississippi River.
- 2,000 sq. ft. recently remodeled duplex rental home located on park grounds. Lower level rent: $1,350/mo. Upper level rent: $1,650.
- Roads and pads approximately 90% paved.
Campground/RV Property Details:
- 87 total sites.
- Daily, weekly, and monthly rates.
- Common restrooms with full showers.
- Coin operated laundromat.
- Self-service RV wash.
- 67 @ 20/30 amp & 20 @ 20/30/50 amp.
- Camp store + annex.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $8,500,000 | Building Class | C |
| Price Per Unit | $47,486 | Lot Size | 25.16 AC |
| Sale Type | Investment | Building Size | 2,911 SF |
| Cap Rate | 6.73% | Average Occupancy | 93% |
| No. Units | 179 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | County Use - Sect-03 Twp-121 Range-025 UNPLATTED LAND MONTICELLO1 48. AC TH PT OF GOV LT4&PT OF W40A OF GOV LT3 LY N OF CTR OF CK DES BEG AT CTR OF NW1/4 OF SEC 3 | ||
| Price | $8,500,000 |
| Price Per Unit | $47,486 |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| No. Units | 179 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 25.16 AC |
| Building Size | 2,911 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built | 1978 |
| Zoning | County Use - Sect-03 Twp-121 Range-025 UNPLATTED LAND MONTICELLO1 48. AC TH PT OF GOV LT4&PT OF W40A OF GOV LT3 LY N OF CTR OF CK DES BEG AT CTR OF NW1/4 OF SEC 3 |
Amenities
Site Amenities
- Laundry Facilities
- Picnic Area
- Playground
- Waterfront
- Car Wash Area
- Gameroom
- Recycling
- Volleyball Court
- Walking/Biking Trails
- Wi-Fi
- Dock
- Lake Access
Property Taxes
| Parcel Number | 155-500-031300 | Total Assessment | $2,583,600 (2025) |
| Land Assessment | $2,508,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $75,600 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
155-500-031300
Land Assessment
$2,508,000 (2025)
Improvements Assessment
$75,600 (2025)
Total Assessment
$2,583,600 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
1 of 20
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
River Terrace Park and Campground | 1335 W River St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.